March/2009
www.bpnbrasil.com.br
BPN Brasil´s Profile
• A Wholesale Bank focused on small and medium size companies (“SME‟s”), or with
selected large corporations mainly to support their activities involving SME‟s.
• Tailor made & sophisticated products, usually offered only to large companies.
• Main activities include:
Corporate Banking:
Local Currency Loans, Guarantees, Performance Bonds, Trade Finance (Pre Export, PrePayment, Import Financing, ECA‟s, LCs, SBLCs) and BNDES Onlending.
Structured Finance:
Debt & Equity Capital Raising Advisory and Debt Capital Markets (FIDC, CRI, CCB).
Treasury:
CDs, Government and Private Securities, Foreign Exchange, Derivatives, Interbank
Transactions.
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Business Network
BPN Brasil is present in the main
115 agências
no Norte
88 agências no
Centro/Sul
Brazilian States, covering 80 cities
through a network of 30 correspondent
bankers (Brazilian Central Bank‟s
Resolution 3.110).
The correspondent bankers have large
experience (in average more than 25
years in their covered area) in the
Brazilian financial market.
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Financial Indicators
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Financial Statements
Balance Sheet
(In thousands of Reais)
ASSETS
31/12/2008
31/12/2007
31/12/2006
421.234
383.229
221.917
4.815
1.843
9.806
Interbank Deposits
56.651
89.721
64.642
Marketable Securities and derivative financial instruments
38.739
6.216
2.962
920
1.192
585
223.378
201.883
98.253
Foreign Exchange Portfolio
72.312
63.822
33.594
Other Loans
20.044
14.624
9.738
Other Assets
4.375
3.928
2.337
Permanent Assets
3.112
1.825
2.180
424.346
385.054
224.097
Current Assets and long term receivables
Funds Available
Interbank Accounts (Brazilian Central Bank Deposits)
Loans
Total Assets
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Financial Statements
Balance Sheet
(In thousands of Reais)
LIABILITIES
31/12/2008
31/12/2007
31/12/2006
369.353
329.831
174.333
ST & LT Deposits
37.748
66.562
51.913
Interbank deposits
1.438
19.842
14.884
232.918
152.957
72.214
47.283
33.478
11.609
1.157
3.363
1.107
Foreign exchange
18.665
31.648
9.160
Other liabilities
30.144
21.981
13.446
461
2.164
2.283
Stockholders' equity
54.532
53.059
47.481
Capital - domiciled abroad
52.416
50.000
50.000
Capital increase
-
-
-
Capital reserves
409
294
-
1.707
349
78
-
2.416
(2.597)
424.346
385.054
224.097
Current and long-term liabilities
Foreign borrowings
BNDES/FINAME
Derivative financial instruments
Defered Income
Revenue reserves
Retained earnings (accumulated deficit)
Total liabilities and stockholders' equity
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Financial Statements
Income Statement
(In thousands of Reais)
31/12/2008
31/12/2007
31/12/2006
Income from financial operations
132.069
61.239
36.425
Expenses on financial operations
(113.391)
(36.695)
(23.262)
18.678
24.544
13.163
(14.360)
(16.132)
(15.418)
4.318
8.412
(2.255)
Gross profit on financial intermediation
Other operating income (expenses)
Operating result
Non-operating result
(10)
-
320
Result before taxation and profit sharing
4.308
8.412
(1.935)
Income tax and social contribution
(652)
(2.873)
165
Statutory sharing profit
(607)
(113)
(7)
Net income (loss)
3.049
5.426
-1.777
The Financial Statements, audited by PriceWaterhouseCoopers, was published on 27/02/2009 on „Diário do Comércio
e Indústria‟ and „Diário Oficial do Estado de São Paulo‟ newspapers.
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Comfort Letter
Lisbon, 27th November 2008
Dear Sir,
The Board of Directors of BPN - Banco Português de Negócios, S.A. (“BPN”), a Financial Institution ruled
by the Portuguese Legislation, declares that it is the intention of the Bank to promote the activities of its
subsidiary in Brazil, BPN Brasil Banco Múltiplo S.A. (“BPN Brasil”), a financial institution, created under the
legislation of the Federative Republic of Brazil.
With this in mind, BPN is pleased to confirm that:
1. It controls and holds the majority of the capital of BPN Brasil through its subsidiary BPN Participações
Financeiras SGPS, Ltda.;
2. It appoints the Executive Board of the bank in Brazil, and that this Executive Board acts following the
business purposes of BPN; and that
3. BPN Brasil will always be able to fulfill integrally and promptly all legally assumed obligations, except those
related to political risk and/or to any restriction on the transfer of funds, legally imposed.
Very Best Regards,
Pedro Oliveira Cardoso
Banco Português de Negócios
Noberto Sequeira da Rosa
Banco Português de Negócios
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Ownership Structure
BPN S.A.
BPN
Participações
Financeiras
SGPS, SA.
80%
20%
BPN Participações
Brasil Ltda
Brazil
BPN Brasil
Banco Múltiplo
S.A.
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Banco Português de Negócios
• Universal Bank founded in 1998, has 205 branches in Portugal and 5 in France.
• On November 11th, 2008, the Government of Portugal passed the Decree-Law 251-X,
nationalizing the entire capital of Banco Português de Negócios S.A. (“BPN Portugal”),
transferring its shares to the Portuguese State. At the same time, BPN‟s Board of Directors
and Management was entrusted to Caixa Geral de Depósitos, S.A. (“CGD”), the largest
banking and insurance group in Portugal.
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Banco Africano de Investimentos
• Largest private Angolan bank, founded in November 1996, was elected by The Banker
(Financial Times) Angola´s Bank of the Year in 2008.
• 42 branches, over 120.000 customers and US$ 227,3 million in equity.
• In Oct/2004, NOSSA – Nova Sociedade de Seguros de Angola was created through a
partnership between BAI, BPN Group and IFC (International Finance Corporation).
Main shareholder:
• Largest company in Angola, is focused in research, exploration and production of oil and
gas both in Angola‟s soil and off its Atlantic coast.
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Organizational Structure
Carlos H. A. R. Catraio
President & CEO
Legal /
Compliance &
Ombudsman
Human
Resources
Luiz Stouthandel
Roberto Perez Jr.
Hirosi Tanahara
Rodrigo Del Barrio
Director
Director
Director
Director
Operations
Credit & Risk
Commercial
Banking
• Back Office
• Credit Analysis
• Accounting
• Risk Management
• Clients & Network of
Correspondents
• Information Technology
• Credit Portfolio
Management and Monitoring
• BNDES
• Financial Control
• Investor Relations
• Credit Restructuring
• Business Development
• Export / Import Finance
Financial
• Treasury Management
• Financial Institutions
& Correspondent Banks
• Financial Products &
Services
• Budget Management
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Contacts:
Commercial Banking
Hirosi Tanahara
[email protected]
(55 11) 3094-9045
Correspondent Banking
Angelina Falcão
[email protected]
(55 11) 3094-9068
Credit & Risk
Roberto Perez Jr.
[email protected]
(55 11) 3094-9005
Financial
Rodrigo Del Barrio
[email protected]
(55 11) 3094-9012
Website
www.bpnbrasil.com.br
E-mail
[email protected]
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Social Responsability
BPN Brasil supports the following non-profit organizations and initiatives:
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